GSE Systems Q1 2024 Adj EPS $(0.35) Beats $(0.48) Estimate, Sales $11.283M Miss $12.908M Estimate
Portfolio Pulse from Benzinga Newsdesk
GSE Systems (NASDAQ:GVP) reported Q1 2024 adjusted EPS of $(0.35), beating the $(0.48) estimate, but sales of $11.283M missed the $12.908M estimate. EPS improved by 68.75% YoY, while sales increased by 3.77% YoY.
May 15, 2024 | 8:17 pm
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GSE Systems reported better-than-expected Q1 2024 EPS of $(0.35), beating the $(0.48) estimate. However, sales of $11.283M missed the $12.908M estimate. EPS improved significantly YoY, but sales growth was modest.
The better-than-expected EPS is a positive indicator and shows significant improvement YoY, which is likely to boost investor confidence. However, the sales miss may temper some of the enthusiasm, leading to a mixed but overall positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100